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If ASEAN were a single economy, it would rank third in population size with over 600 million people and seventh in GDP output with US$2.5 trillion (S$3.4 trillion)) recorded in 2016. Forecasted size of e-commerce market in the ASEAN region from 2015 to 2025 (in billion U.S. dollars) [Graph]. The agreement also contains provisions on online consumer protection, personal data protection alternative online dispute resolution mechanisms for e-commerce transactions. The agreement aims to facilitate cross-border e-commerce transactions and promote confidence in the use of e-commerce in the region to drive economic growth and social development. Following its first publication on 6 February 2017, and as mandated by the AEC Council, the AEC 2025 CSAP was updated to include the Strategic Action Plan 2016-2025 for ASEAN Taxation Cooperation, the ASEAN Work Programme on Electronic Commerce 2017-2025, the AEC 2025 Trade Facilitation Strategic Action Plan. 16 August 2017. The ASEAN Agreement on Electronic Commerce (E-Commerce) was endorsed by ASEAN Economic Ministers, and it will be signed at the sidelines of the 33rd ASEAN Summit at the end of 2018. The agreement aims to. ASEAN Strategic Action Plan on Consumer Protection 2025 – to In the meantime, ASEAN has begun to make forward progress on another key area of importance with the signing of an agreement on electronic commerce (e-commerce). ASEAN WORK PROGRAMME ON ELECTRONIC COMMERCE 2017 - 2025. We welcome information and documents from your organisations. In parallel, the ASEAN summit also welcomed the endorsement of the ASEAN Digital Integration Framework, which identifies the economic benefits and challenges posed by digital integration for ASEAN and its Member States, with particular attention to MSMEs. Digital consumers in ASEAN will be spending three times as much in 2025 according to a new study from Facebook and Bain & Company. The Work Programme is divided into different segments, based on the different mandates of the sectoral bodies and the strategic measures under the AEC Blueprint 2025, keeping in mind that not all measures may fall neatly under the purview of particular sectoral bodies and there may be cross-cutting issues. Digital Governance in 50+ issues, 500+ actors, 5+ processes, and members of the GIP Steering Committee, ASEAN agreement on e-commerce is signed in Singapore, Geneva Dialogue on Responsible Behaviour in Cyberspace, UN High-Level Panel on Digital Cooperation, ASEAN Agreement On E Commerce Is Signed In Singapo…. Projections are just as sunny for Southeast Asia, where a joint study by Google and Singapore government investment firm Temasek last year predicted a 32 per cent CAGR for e-commerce in Vietnam, Thailand, the Philippines, Malaysia, Singapore and Indonesia. ASEAN is the world’s fastest growing internet market, with 330 million internet users . The AEC 2025 CSAP complements the AEC 2025 Blueprint by serving as a single reference document intended to inform stakeholders of the key action lines that will be implemented in pursuit of ASEAN economic integration agenda from 2016 to 2025. At a turning point in terms of Internet and mobile penetration, the population of Southeast Asia is quickly adapting its behaviors to take advantage of new opportunities available in purchasing products and services online. In 2017, the value of Thai e-commerce was around … News Singapore The Handbook was completed by CCS with inputs from ASEAN Member States. Thai e-commerce growth was the highest in Asean, attributed to changes in consumer behaviour. Except where otherwise noted, the content on this website is licensed by DiploFoundation under CC BY-NC-ND 4.0 International. Situating E-Commerce Within ASEAN / AEC • AEC 2025 Blueprint -Enhanced Connectivity and Sectoral Cooperation – E-Commerce - ASEAN shall intensify cooperation on e-Commerce building upon Article 5 of e-ASEAN Framework Agreement adopted by ASEAN Leaders in November 2000, with a view to develop an ASEAN Agreement on e-Commerce to facilitate cross- The Pre-employment Card Program constitutes a work ... 04 May 2020Read More. JAKARTA, 14 August 2018 – ASEAN updated the ASEAN Economic Community (AEC) 2025 Consolidated Strategic Action Plan (CSAP) to include action lines from sectoral work plans. 3. With this report, UNCTAD has covered all three ASEAN LDCs and contribute to their effective participation in the ASEAN Work Programme on Electronic Commerce (AWPEC) 2017-2025. Cybersecurity and Custom Regulations as Trade Barriers in ASEAN e-Commerce: Case of Indonesian e-Commerce 2 Global Strategis, Th. February 2017, and as mandated by the AEC Council, the AEC 2025 CSAP was updated to include the Strategic Action Plan 2016-2025 for ASEAN Taxation Cooperation, the ASEAN Work Programme on Electronic Commerce 2017-2025, the AEC 2025 Trade Facilitation Strategic Action Plan. 14, No. Sustained economic growth and a young, digitally-savvy population are among factors driving ASEAN's Internet economy, which is expected to hit US$200 billion by 2025. ASEAN Work Programme on Electronic Commerce (AWPEC) 2017-2025. These initiatives and goals are linked to ASEAN’s Work Programme on Electronic Commerce 2017 – 2025 and the ASEAN Economic Community Blueprint 2025 which aims to achieve the above goals by 2025 10. Click here to download the updated AEC 2025 CSAP. Yet, in most ASEAN nations (with the exception of Singapore), e-commerce accounts for a small slice of total retail which presents many opportunities for growth. By 2025, the eCommerce transactions of the Southeast Asian Nations is expected to have massive growth upwards of 88 billion dollars, which is conservative in my estimation. With the eTrade Readiness Assessment for Lao PDR currently being conducted, UNCTAD will have covered all three ASEAN LDCs and contributed to Myanmar’s effective participation in the ASEAN Work Programme on Electronic Commerce (AWPEC) 2017-2025. The updates also include ASEAN Work Plan on Good Regulatory Practices 2016-2017 and changes to the timelines and key action lines of other AEC sectoral bodies—all of which were endorsed after the initial publication. The Ministers noted the implementation status of the ASEAN Work Programme on Electronic Commerce (AWPEC) 2017-2025 and welcomed the efforts by ASEAN Member States to enhance transparency by making domestic e-commerce-related laws and regulations or its summarized versions in the English language available online and on the National Trade Repositories of respective … ASEAN ICT Masterplan 2020 - launched in November 2015, aims to transform ASEAN towards a digital economy by 2020. You can submit your content at [email protected], For more information on potential partnerships and the knowledge curators programme, contact us at [email protected], Read about our just-in-time reporting initiatives. facilitate cross-border e-commerce transactions and promote confidence in the use of e-commerce in the region to drive economic growth and social development. Following its first publication on 6 February 2017, and as mandated by the AEC Council, the AEC 2025 CSAP was updated to include the Strategic Action Plan 2016-2025 for ASEAN Taxation Cooperation, the ASEAN Work Programme on Electronic Commerce 2017-2025… Handbook on Competition & E-Commerce in ASEAN. March 27, 2019. ASEAN agreement on e-commerce is signed in Singapore. 31st ASEAN Summit. 4 [Figure 1. In September 2017, the company and Central Group (Thailand) formed a $500 million e-commerce joint venture. … Realising the important role of trust in e-commerce, the ASEAN Economic Ministers have adopted the ASEAN Work Programme on Electronic Commerce (AWPEC) 2017-2025, which aims to facilitate cross-border e-commerce in ASEAN, covering multi-sectoral initiatives in different areas of e-commerce, and especially to facilitate methods to solve trust-related issues within e-commerce … Apart from transactional values of e-commerce, a lot of things are going on in the market. The number of Internet users in Southeast Asia, and particularly in the 6 largest ASEA… Other venture capital firms based in ASEAN, the United States, Europe and other Asian economies have been actively providing funding that supports the growth of the region’s e-commerce market place (AIR 2018). The joint study by the social media giant and global management consultants released this week found that while consumers in Southeast Asia spent US$125 on average on online purchases in 2018, that sum is expected to more than triple to US$390 in 2025. Programme on Electronic Commerce (AWPEC) 2017-2025; •ASEAN Agreement on e-commerce to facilitate cross-border e-commerce transaction to be developed in AEC Blueprint 2025; •Transforming ASEAN into digital economy in the ASEAN ICT Master Plan 2020; •ASEAN Consumer Protection (ASEAN Strategic Plan on Consumer Protection 2025; •E-commerce Provisions in AANZFTA and … The AEC 2025 CSAP will be reviewed and updated periodically to take into account developments over the ten-year period of the AEC Blueprint 2025 implementation and facilitate stakeholder feedback on ASEAN economic integration priorities. Please choose whether you would like to receive our weekly, monthly, or both issues of our newsletter by selecting the appropriate checkboxes. Southeast Asia is currently a very attractive market for companies involved globally in the e-commerce sector and smaller local players. Following its first publication on 6 February 2017, and as mandated by the AEC Council, the AEC 2025 CSAP was updated to include the Strategic Action Plan 2016-2025 for ASEAN Taxation Cooperation, the ASEAN Work Programme on Electronic Commerce 2017-2025, the AEC 2025 Trade Facilitation Strategic Action Plan. JAKARTA, 14 August 2018 – ASEAN updated the ASEAN Economic Community (AEC) 2025 Consolidated Strategic Action Plan (CSAP) to include action lines from sectoral work plans. By 2025, ASEAN’s internet economy is set to quadruple to US$200 billion from the current US$50 billion in 2017, with e-commerce expected to grow to US$88 billion . The headline business goals of the ASEAN Economic Community ( AEC) of the “free movement of goods, services, investment, skilled labour and freer movement of capital” remain some way off. The GIP Digital Watch observatory reflects on a wide variety of themes and actors involved in global digital policy and Internet governance. It comprises commitments on the fields of cybersecurity, data localization and data flows, ensuring that companies and consumers can easily access and move data across borders, without the need to “build expensive and unnecessarily redundant data centres in every market”. The AWPEC aims to facilitate cross-border e-commerce in ASEAN, covering multi-sectoral E-Commerce initiatives Source: Competition Commission Singapore (2017) *Note: A dash (-) indicates unavailable data . Within the AEC Blueprint 2025, the ASEAN Work Programme on Electronic Commerce 2017-2025 is a vital first step for the establishment of a comprehensive and harmonized framework to integrate ASEAN’s e-commerce industry. Charter of the Association of Southeast Asian Nations, High Level Task Force (HLTF) on the Drafting of the ASEAN Charter (2007), Eminent Persons Group (EPG) on the ASEAN Charter (2006), ASEAN Committees in Third Countries and International Organizations (ACTCs), Speeches & Statements of the Secretary-General of ASEAN, Speeches & Statements of the Former Secretaries-General of ASEAN, ASEAN Updates AEC 2025 Consolidated Strategic Action Plan (CSAP). ASEAN Work Programme on Electronic Commerce 2017-2025 The ASEAN Work Programme on e-Commerce is a cross-sectoral initiative to facilitate the e-commerce industry by updating and upgrading infrastructure, technology capacity, consumer protection, legal frameworks, payment systems, competition rules, and logistics. ASEAN Economic Ministers adopted the ASEAN Digital Integration Framework and … The signing of this agreement is the first step towards greatly improving eCommerce in ASEAN. It comprises commitments on the fields of cybersecurity, data localization and data flows, ensuring that … GDP Projections, ASEAN (Current prices), USD billion)] [Figure 2. (May 16, 2017). Acknowledging the growing importance of e-commerce and in preparing for the new digital economy, ASEAN has intensified the efforts to finalise the ASEAN Agreement on e-Commerce, a priority deliverable under Singapore's ASEAN chairmanship and part of the ASEAN Work Programme on Electronic Commerce 2017-2025. Submitted content will be reviewed and published by our team of knowledge curators. The AWPEC was finalised by the newly established ASEAN Coordinating Committee on Electronic Commerce (E-Commerce) and adopted by the AEM in September 2017. AEC Blueprint 2025 – to intensify cooperation on e-commerce with a view to developing an ASEAN Agreement on E-commerce to facilitate cross-border e-commerce transaction. On the sidelines of the 33rd ASEAN Summit in Singapore, the Economic Ministers of the delegate countries signed the ASEAN Agreement on e-Commerce, which is part of the implementation of the ASEAN Work Programme on Electronic Commerce 2017-2025. ASEAN’s E-Commerce Landscape 2. The ten member states of ASEAN have been slowly and steadily working towards greater integration. Forecasted Size of E-commerce Market in ASEAN (2015-2025), USD billion] Source On a policy side, ASEAN has undertaken several initiatives to uphold the market potential Please inform us when making use of the content. 1 Association of Southeast Asian Nations (ASEAN) celebrated its 50 th anniversary in 2017 and has emerged as one … Business Insider. These action lines are drawn from across the AEC Sectoral Work Plans. on Electronic Commerce 2017-2025. External content is licensed by the respective authors. While the ASEAN Work Programme on Electronic Commerce 2017 – 2025 (AWPEC) and ASEAN Digital Integration Framework Action Plan 2019 – 2025 (DIFAP) have successfully consolidated a regional consensus on strategic directions to develop e-commerce and digital integration in ASEAN, these should take into account new dynamism in the global digital economy. - Established in 2017 at the 49thAEM Meeting in Singapore, as a Working group to push for the ASEAN Work Program on Electronic Commerce - Aimed to coordinate the efforts towards e-Commerce of other relevant working groups within ASEAN - The development plan of multi-sectoral measures to facilitate crossborder e-Commerce in the region, known as the ASEAN Agreement for e- Commerce. 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